Horngren's Financial & Managerial Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (5th Edition) (miller-nobles Et Al., The Horngren Accounting Series)
5th Edition
ISBN: 9780134077345
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Textbook Question
Chapter 15, Problem 15.3SE
Calculating trend analysis
Variline Corp. reported the following revenues and net income amounts:
| (In millions) | 2017 | 2016 | 2015 | 2014 |
| Revenue | $9,990 | $9,890 | $ 9,290 | $ 9,090 |
| Net Income | 7,750 | 7,570 | 5,670 | 4,990 |
Requirements
1. Calculate Variline's trend analysis for revenues and net income. Use 2014 as the base year, and round to the nearest percent.
2. Which measure increased at a higher rate during 20 15-20 17?
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The trend analysis report of Poplar, Inc. is given below (in millions):
2019
2018
2017
2016
2015
Net income
$700
$606
$470
$405
$402
Trend percentages
174%
151%
117%
101%
100%
Which of the following is a correct conclusion from the above analysis?
Select one:
A.
Net income for 2018 decreased by 151% from 2017.
B.
Net income for 2019 increased by 174% from 2018.
C.
Net income for 2019 is 174% of net income for 2015.
D.
Net income for 2018 is 151% of the previous year.
The financial statements for Silver Service Company include the following items:
2019
2018
Cash
$49,500
$40,000
Short-term Investments
33,000
20,500
Net Accounts Receivable
52,000
53,000
Merchandise Inventory
132,000
45,000
Total Assets
530,000
547,000
Accounts Payable
131,500
122,000
Salaries Payable
15,000
18,000
Long-term Note Payable
58,000
57,000
Compute the acid-test ratio for 2018.…
Jones Enterprises reported sales revenue totaling $672,000, $668,000, and $708,000 in the years, 2015, 2016, and 2017, respectively.Performing trend analysis, with 2015 serving as the base year, what is the percentage for 2017?
Question 15 options:
A)
19.08%
B)
28.21%
C)
105.36%
D)
105.99%
Calculating trend analysis
Muscateer Corp reported the following revenues and net income amounts:
Requirements
Calculate Muscateer’s trend analysis for revenues and net income Use 2016 as the base year and round to the nearest percent.
Which measure increased at a higher rate during 2017-2019?
Chapter 15 Solutions
Horngren's Financial & Managerial Accounting Plus Mylab Accounting With Pearson Etext -- Access Card Package (5th Edition) (miller-nobles Et Al., The Horngren Accounting Series)
Ch. 15 - What part of the Libertys annual report is written...Ch. 15 - Horizontal analysis of Liberty's balance sheet for...Ch. 15 - Vertical analysis of Liberty's balance sheet for...Ch. 15 - Which statement best describes Liberty's acid-test...Ch. 15 - Liberty's inventory turnover during 2017 was...Ch. 15 - Prob. 6QCCh. 15 - Prob. 7QCCh. 15 - Liberty's rate of return on common stockholders'...Ch. 15 - The company has 2,500 shares of common stock...Ch. 15 - Prob. 10AQC
Ch. 15 - What ate the three main ways to analyze financial...Ch. 15 - What is an annual report? Briefly describe the key...Ch. 15 - Prob. 3RQCh. 15 - What is trend analysis, and how does it differ...Ch. 15 - Prob. 5RQCh. 15 - Prob. 6RQCh. 15 - Prob. 7RQCh. 15 - Briefly describe the ratios that can be used to...Ch. 15 - Prob. 9RQCh. 15 - Briefly describe the ratios that can be used to...Ch. 15 - Briefly describe the ratios that can be used to...Ch. 15 - Prob. 12RQCh. 15 - Prob. 13RQCh. 15 - Prob. 14RQCh. 15 - Prob. 15RQCh. 15 - Prob. 15.1SECh. 15 - Performing horizontal analysis McDonald Corp....Ch. 15 - Calculating trend analysis Variline Corp. reported...Ch. 15 - Performing vertical analysis Hoosier Optical...Ch. 15 - Preparing common-size income statement Data for...Ch. 15 - Shine's Companies, a home improvement store chain,...Ch. 15 - Shine's Companies, a home improvement store chain,...Ch. 15 - Shine's Companies, a home improvement store chain,...Ch. 15 - Prob. 15.9SECh. 15 - Prob. 15.10SECh. 15 - Prob. 15.11SECh. 15 - Using ratios to reconstruct a balance sheet...Ch. 15 - Prob. 15.13SECh. 15 - Prob. 15.14SECh. 15 - Prob. 15.15ECh. 15 - Computing trend analysis Grand Oaks Realty's net...Ch. 15 - Prob. 15.17ECh. 15 - Prob. 15.18ECh. 15 - Prob. 15.19ECh. 15 - Prob. 15.20ECh. 15 - Analyzing the ability to pay liabilities Big Bend...Ch. 15 - Analyzing profitability Varsity, Inc.s comparative...Ch. 15 - Prob. 15.23ECh. 15 - Using ratios to reconstruct a balance sheet The...Ch. 15 - Prob. 15.25ECh. 15 - Computing earnings per share Falconi Academy...Ch. 15 - Prob. 15.27APCh. 15 - Prob. 15.28APCh. 15 - Prob. 15.29APCh. 15 - Prob. 15.30APCh. 15 - Using ratios to evaluate a stock investment...Ch. 15 - Prob. 15.32APCh. 15 - Preparing an income statement The following...Ch. 15 - Computing trend analysis and return on common...Ch. 15 - Prob. 15.35BPCh. 15 - Prob. 15.36BPCh. 15 - Determining the effects of business transactions...Ch. 15 - Prob. 15.38BPCh. 15 - Prob. 15.39BPCh. 15 - Prob. 15.40BPCh. 15 - Prob. 15.41CPCh. 15 - Lance Berkman is the controller of Saturn, a dance...Ch. 15 - Prob. 15.1CTEI
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